Adams 12 approves $9M sale of surplus land near Eastlake Station - Northglenn-Thornton Sentinel

Adams 12 approves $9M sale of surplus land near Eastlake Station - Northglenn-Thornton Sentinel

After more than a decade of stops, starts and shifting market conditions, Adams 12 Five Star Schools is moving forward with the $9 million sale of 13.5 acres of surplus land just south of the district’s Educational Support Center in Thornton. The buyer, McWhinney Real Estate Services, is expected to develop the site into a mixed-use project consistent with the City of Thornton’s vision for the Eastlake light rail corridor.  Though the deal won’t…

Giving Away Mission Bay Park Land Designated as ‘Surplus’ to Developers Is a Bad Idea

By Geoff Page It seems that City Hall – Todd Gloria - has found a new golden egg called “surplus lands.” This term first surfaced during the Midway redevelopment debacle. The city declared the 40 plus acres as surplus land so it could make a deal with a developer. The term “surplus” land does not make sense, intuitively, when commercial and entertainment businesses cover the land, all making lease payments to the city. Surplus brings to mind uni…